Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

East Gate Business Park's Hall D3 at 100% occupancy

East Gate Business Park's Hall D3 at 100% occupancy

The more than 9,000 sqm Hall D3 in East Gate Business Park has reached 100% occupancy, according to a press release sent to the Budapest Business Journal.
Developer Wing launched the development of Hall D3 in East Gate Business Park to respond to distinct market needs reflecting increasing demand and increasing interest in the park. The speculative investment project caters to tenants with production, manufacturing, and complex, special warehousing needs, the company says.

Several international corporations have their Hungarian or regional center in East Gate Industrial Park, and five of the 50 largest Hungarian companies also have facilities here. Currently, the whole area of the new hall is leased by two companies. A German company manufacturing kitchen worktops and splashbacks, and one of Hungary's leading facility management companies providing building operation, cleaning, and gardening services now have their offices here.

Hall D3 has a ceiling height suitable for production areas. It is classified as a building suitable for moderate risk fire safety – unlike typical halls that are suitable only for low risk – and has both loading docks and drive-in gates. Offices take up approximately 20% of the area, higher than what is typical for halls on the market built without concluding a lease agreement first. The office unit protrudes from the facade of the building, so offices, showrooms, and test areas get natural light from three directions.

"With the development of Hall D3 in East Gate Business Park, we wanted to achieve a balance between the production and service functions in the park. Monitoring the needs of the tenants is a priority for Wing, and this led to the development of the new hall, which is different from standard halls, with a higher than average proportion of office space. The long-term lease agreements we concluded for the whole area of the hall prove that we did indeed identify a real need," said Zsófia Korda, sales director for industrial developments at WING.

She added, "Increasing turnover in the Hungarian retail sector has generated new warehousing and logistics demand, with a distinct spike in the industrial segment this year. This has been even more defining in terms of the market in 2021 than in years past. We started the expansion of East Gate Business Park under the name East Gate Pro in response to this market situation."

The first two halls of East Gate Pro, announced by Wing in July 2021, will have an area of more than 20,000 sqm and are scheduled to be completed in H2 2022, and four additional halls are planned on the site. Future occupants have flexibility when selecting a hall type and size, which allows for customized arrangements in the buildings. In addition, the new halls, due to their structural properties and technology solutions, will provide a minimum temperature of 16 C, as compared to current warehouses with a minimum temperature of 12 C, resulting in lower heating costs.

East Gate Business Park, situated at the junction of the M0 and M3 motorways, is approximately 20 minutes from the city center and has a bus stop at the entrance. The construction project is financed by UniCredit Bank.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×